EverSource Wealth Advisors LLC Grows Position in MARA Holdings, Inc. (NASDAQ:MARA)

EverSource Wealth Advisors LLC grew its stake in shares of MARA Holdings, Inc. (NASDAQ:MARA) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 134,868 shares of the business services provider’s stock after buying an additional 3,149 shares during the period. EverSource Wealth Advisors LLC’s holdings in MARA were worth $2,262,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of MARA. Amalgamated Bank increased its position in MARA by 3.4% during the third quarter. Amalgamated Bank now owns 86,113 shares of the business services provider’s stock worth $1,397,000 after buying an additional 2,838 shares in the last quarter. Principal Financial Group Inc. increased its position in MARA by 2.7% during the third quarter. Principal Financial Group Inc. now owns 1,391,916 shares of the business services provider’s stock worth $22,577,000 after buying an additional 37,150 shares in the last quarter. Crossmark Global Holdings Inc. increased its position in MARA by 6.6% during the third quarter. Crossmark Global Holdings Inc. now owns 18,879 shares of the business services provider’s stock worth $306,000 after buying an additional 1,170 shares in the last quarter. State of New Jersey Common Pension Fund D increased its position in MARA by 6.1% during the third quarter. State of New Jersey Common Pension Fund D now owns 106,874 shares of the business services provider’s stock worth $1,733,000 after buying an additional 6,167 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in MARA during the third quarter worth $510,000. Hedge funds and other institutional investors own 44.53% of the company’s stock.

Analyst Upgrades and Downgrades

MARA has been the subject of a number of recent analyst reports. Barclays lowered their price objective on MARA from $27.00 to $14.00 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Rosenblatt Securities initiated coverage on MARA in a research report on Friday, March 7th. They issued a “buy” rating and a $19.00 price objective for the company. B. Riley lifted their price objective on MARA from $21.00 to $23.00 and gave the company a “neutral” rating in a research report on Thursday, December 19th. Piper Sandler lowered their price objective on MARA from $34.00 to $30.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of MARA in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, MARA currently has a consensus rating of “Hold” and an average target price of $23.30.

Insiders Place Their Bets

In other MARA news, CFO Salman Hassan Khan sold 16,700 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $15.31, for a total transaction of $255,677.00. Following the transaction, the chief financial officer now owns 1,773,788 shares in the company, valued at $27,156,694.28. The trade was a 0.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Frederick G. Thiel sold 27,505 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $23.50, for a total value of $646,367.50. Following the transaction, the chief executive officer now owns 4,128,090 shares in the company, valued at approximately $97,010,115. This represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 116,915 shares of company stock worth $2,265,643 over the last quarter. 0.80% of the stock is owned by corporate insiders.

MARA Price Performance

Shares of MARA stock opened at $13.11 on Thursday. MARA Holdings, Inc. has a twelve month low of $12.05 and a twelve month high of $30.28. The stock has a market capitalization of $4.53 billion, a P/E ratio of 16.59 and a beta of 5.95. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.22. The business’s fifty day moving average price is $16.90 and its 200 day moving average price is $18.34.

MARA (NASDAQ:MARA) last issued its earnings results on Wednesday, February 26th. The business services provider reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $1.56. The firm had revenue of $214.39 million for the quarter, compared to analysts’ expectations of $187.11 million. MARA had a negative return on equity of 8.40% and a net margin of 27.48%. As a group, research analysts anticipate that MARA Holdings, Inc. will post -1.04 earnings per share for the current year.

MARA Profile

MARA Holdings, Inc operates as a digital asset technology company that mines digital assets with a focus on the bitcoin ecosystem in United States. The company was formerly known as Marathon Digital Holdings, Inc and changed its name to MARA Holdings, Inc in August 2024. MARA Holdings, Inc was incorporated in 2010 and is headquartered in Fort Lauderdale, Florida.